Guido Liniado, Jason Webber
January 24, 2026
Latham & Watkins Advises Natixis and BNP Paribas on US$250 Million Revolving Financing to Establish BlackRock’s PMGD Platform in Chile
1 min
AI-made summary
- Latham & Watkins LLP advised Natixis and BNP Paribas as coordinating lead arrangers and lenders, and BNP Paribas as administrative and intercreditor agent, on a 3-year revolving credit facility
- The facility, sized for a +400 MW PMGD platform, was initially used to refinance two portfolios totaling 101 MW of operational assets
- It is intended for acquiring, developing, constructing, and refinancing additional projects sponsored by BlackRock, with future note issuances anticipated under Section 4(a)(2) of the Securities Act of 1933.
Latham advised Natixis and BNP Paribas, as coordinating lead arrangers and lenders, and BNP Paribas, as administrative agent and intercreditor agent, on the transaction, which was structured as a 3-year revolving credit facility. The facility was sized in contemplation of a +400 MW PMGD platform, and was initially used to refinance two previously acquired portfolios of operational assets aggregating 101 MW. The facility is expected to be used to acquire, develop, construct, and refinance other portfolios of both operational and construction projects sponsored by BlackRock. Once the operational assets add up to an appropriate MW amount, the facility is expected to be taken out by one or more issuances of notes under Section 4(a)(2) of the Securities Act of 1933. The Latham & Watkins LLP deal team was led by partner Guido Liniado, and included partner Jason Webber.~~
Article Author
Guido Liniado, Jason Webber
The Sponsor
